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Nov 9, 2012
11/12
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to this looming fiscal cliff. i'm sorry if you're sick of hearing about it. but it is critical. the president and the speaker getting right to work, both of them making remarks today on the economy. athena jones is in washington. so athena, what are we expecting to hear from the speaker? we just heard from brianna what we're expecting to hear from the president. so take me to the speaker's remarks. >> reporter: hi, ashleigh. what we're likely to hear from speaker boehner, what we've been hearing, not just the last few days, but several months, more than a year, as you guys just talked about. we know what the sticking points are. one of the major ones is whether to raise taxes for the wealthy. this is something the president ran on. speaker boehner spoke with abc. let's listen to what he had to say about that interview. >> raising tax rates is unacceptable. and, frankly, it couldn't even pass the house. putti putting increased revenues on the table, but through reforming our tax code. and i would do that if the pre
to this looming fiscal cliff. i'm sorry if you're sick of hearing about it. but it is critical. the president and the speaker getting right to work, both of them making remarks today on the economy. athena jones is in washington. so athena, what are we expecting to hear from the speaker? we just heard from brianna what we're expecting to hear from the president. so take me to the speaker's remarks. >> reporter: hi, ashleigh. what we're likely to hear from speaker boehner, what we've been...
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Dec 30, 2012
12/12
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deal to avoid the fiscal cliff. >> it's coming down to the wire. you're watching it live right here on cnn. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today.
deal to avoid the fiscal cliff. >> it's coming down to the wire. you're watching it live right here on cnn. have a good night. here you go. you, too. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of...
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Dec 24, 2012
12/12
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or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's
or as the fiscal cliff comes nearer and the u.s. goes over it. >> can we expect any other lawmakers to step up to the plate and kick start negotiations? what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington....
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Dec 27, 2012
12/12
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we assume we hit the fiscal cliff come january 1st. when would employers begin to adjust withholdings to reflect this new reality? when would you and i and americans feel it? >> some corporations are going to start on the first paycheck withholding back at the 2000 levels, taking more money out and the deduction will take 6% out. some will see it in the first paycheck and others are waiting and hoping. this is causing a giant mess. believe me for your boss as well as everybody who gets a paycheck. it's ridiculous. >> it is. thank you. appreciate it. >> thanks, don. >> celebrities who are putting a spotlight on giving. how matthew conaughey is pushing back on fitness. i need you. i feel so alone. but you're not alone. i knew you'd come. like i could stay away. you know i can't do this without you. you'll never have to. you're always there for me. shh! i'll get you a rental car. i could also use an umbrella. fall in love with progressive's claims service. . >>> welcome back. this week we are profiling celebrities that are more than their
we assume we hit the fiscal cliff come january 1st. when would employers begin to adjust withholdings to reflect this new reality? when would you and i and americans feel it? >> some corporations are going to start on the first paycheck withholding back at the 2000 levels, taking more money out and the deduction will take 6% out. some will see it in the first paycheck and others are waiting and hoping. this is causing a giant mess. believe me for your boss as well as everybody who gets a...
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Dec 28, 2012
12/12
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that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was cnn's tom foreman in washington. as we await this 3:00 p.m. meeting at the white house, an attempt to reach an agreement before we hit the fiscal cliff on tuesday. stay tuned. >>> one-two weather punch, a massive storm causing huge problems since christmas day finally over. but another is on the way. chad myers is tracking this latest storm for us. heart break for dozens of american families in the process of adopting children from russia as russia's president signs an adoption ban. stop! stop! stop! come back here! humans -- we are beautifully imperfe
that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the work load. and there would be unexpected higher taxes for most americans because, remember, that's another part of the equation. so many different groups could be hit in many different ways at many times, but the bottom line is if these negotiations continue to stall and don't come through, and the cliff comes, people will indeed feel it all over this country. >> all right, tom foreman, that was...
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Dec 11, 2012
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if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having diff
if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room, and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> tom, you even picked red and green for the season? i'm kidding. tom foreman explaining to us in a way that absolutely no one else can. we have got to figure out a way to bottle this guy. he's awesome. so now i can be in the...
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Dec 23, 2012
12/12
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cliff comes nearer and the u.s. goes over it. >> can we expect any other lobbyists, any other lawmakers to step up to the plate and kick start negotiations? i mean, what about senate minority leader mitch mcconnell? >> well, the thing at this point -- and i'm told by sources -- is that there really are no negotiations going on between senator mitch mcconnell, the republican leader in the senate and senate majority leader harry reid who is actually in hawaii today for the funeral of daniel inouye and is on his way back to washington. it would really come down to the senate doing something. the way democrats see it, there's a possibility that senator mcconnell might allow this bill that i mentioned that already passed in july with the threshold for tax hikes being at the $250,000 level, that he might sort of allow democrats to say okay, the house has to take this or if there is some sort of vote on another measure that while mitch mcconnell would be unlikely to personally support it, perhaps he might let some of his r
cliff comes nearer and the u.s. goes over it. >> can we expect any other lobbyists, any other lawmakers to step up to the plate and kick start negotiations? i mean, what about senate minority leader mitch mcconnell? >> well, the thing at this point -- and i'm told by sources -- is that there really are no negotiations going on between senator mitch mcconnell, the republican leader in the senate and senate majority leader harry reid who is actually in hawaii today for the funeral of...
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Oct 13, 2012
10/12
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walltreet has had a pretty good year but no one wants to fall off a fiscal cliff come january 1. christine romans has this week's "smart is the new rich." >> reporter: in the stock market there are bulls, bears and scaredy cats. stocks are up this year, big time. the federal reserve is stimulating the economy, keeping interest rates super low. riskier assets like stocks and commodities have been rising. is the rally for stocks over? cnn money survived 37 investment advisers. most see the s&p 500 ending the year right here. what's the problem? >> we've got big, dark clouds ahead of us. >> reporter: america's fiscal cliff. europe's mess. china's slowdown. it's been a good ride. time for a pause. >> we expect somewhat of a flat year from here on out. >> reporter: next queer? >> the growth we'll see is nowhere near this. if you're a more conservative investor should you be considering not having so much in stocks in your 401(k). >> now could be a good time to change your overall profile and risk tolerance and become a more conservative investor. >> reporter: bulls say pause now and y
walltreet has had a pretty good year but no one wants to fall off a fiscal cliff come january 1. christine romans has this week's "smart is the new rich." >> reporter: in the stock market there are bulls, bears and scaredy cats. stocks are up this year, big time. the federal reserve is stimulating the economy, keeping interest rates super low. riskier assets like stocks and commodities have been rising. is the rally for stocks over? cnn money survived 37 investment advisers....
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Oct 1, 2012
10/12
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cliff coming up. they're not doing anything. they're sitting on their hands, not hiring. another reason that these economists didn't go with obama is political gridlock. some say that romney is likely to have more success getting legislation through congress. but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's talk about excitement on the dow. let's show the stocks because they have been rallying since this morning, what is it -- up 121 points now. got a pretty important report on the manufacturing sector. what do we need to know? >> so what we got was the granddaddy of manufacturing reports and what it showed is that manufacturing is back in expansion territory, the sector is growing again. that could help boost the economy. this is notable because it comes after three months of contraction in manufacturing. also, you look at
cliff coming up. they're not doing anything. they're sitting on their hands, not hiring. another reason that these economists didn't go with obama is political gridlock. some say that romney is likely to have more success getting legislation through congress. but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's...
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Dec 6, 2012
12/12
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to the fiscal cliff. let me read some of these numbers for you. should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaigned to tax the wealthiest 2%, i wonder how those same people who responded in this poll would respond if they had to choose between what they voted for or the compromise they would want to see. do you have a feeling there? >> bottom line from the poll is that overwhelming majority of the american people want both sides to compromise. they don't want to go over the fiscal cliff. they don't necessarily think the difference is separating these two sides are unbridgeable or unrealistic. they can work out a deal. they have to be adults and be serious and make concessions to the other side and you won't
to the fiscal cliff. let me read some of these numbers for you. should obama compromise to get things done. 72% say yes. 22% say no. should the gop compromise to get things done. and take a look. 72% say yes. my question for you, wolf, i'm not sure you'll have the answer but perhaps you'll have guidance. for those democrats who say the president has a mandate because voters voted him into office while he campaigned to tax the wealthiest 2%, i wonder how those same people who responded in this...
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Dec 8, 2012
12/12
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cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> if congress and the president can reach a deal on averting the fiscal cliff it may well mean higher taxes for the wealthiest americans. cnn political editor paul steinhauser explains what that means. >> hey, joe. raising taxes on high earning americans is the biggest sticking point between president obama and congressional republicans as they try to hammer out a deal to
cliff. the president says raising money on the wealthiest americans could raise a trillion dollars. from the best players in history to the number 1 club in the world. the potential of manchester united unlocked. nyse euronext. unlocking the world's potential. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans...
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Nov 7, 2012
11/12
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and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you, through everything last night, what was the biggest surprise in your opinion? >> the biggest surprise, brooke, over to the magic wall and take a look. the biggest surprise is we'll talk more about this in the hour ahead, we're waiting to see who gets florida's 29 electoral votes. a lot of the talk heading into the election is we were waiting on the morning after, it would be in ohio. it went for the president. another surprise for me, if you look at this map and go back to 2008, i'll switch maps in a minute, these are the two take aways for mitt romney. a closer look in terms of the popular vote. from an electo
and the fiscal cliff, the realities of the fiscal cliff are coming front and center again because congress and the president have two months to go before they need to get a deal going on that situation. brooke? >> alison kosik, we'll keep a look at the numbers there and check back in with you throughout the next few hours. john king, i want to begin with you, in the election itself, i don't know if you slept a wink last night, if much of the nation probably went to bed watching you,...
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Dec 30, 2012
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to the fiscal cliff. are you worried about the future and politics? >> i'm worried, of course i'm worried, understand for the long-term good of the country, we have to meet in the sensible center, we have to do this and we haven't been able to do it. as a democrat, i have my feelings that the tea party ultraright-wing republicans are the ones resisting, making any kind of compromise, saying my way or height way. >> to lay blame here, i'm just asking for your -- >> i'm telling you what my perception is here. and i think that nobody can say my way or the highway. we have to come together. i think what we will do is we will pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. we have the debt ceiling to deal with, when we talk about the debt ceiling, we have to have negotiations with the president who i think is doing a fine job, by the way, and we have to sit down and work out out a grand plan, we cut spending and raise tax and balance our budget once and for
to the fiscal cliff. are you worried about the future and politics? >> i'm worried, of course i'm worried, understand for the long-term good of the country, we have to meet in the sensible center, we have to do this and we haven't been able to do it. as a democrat, i have my feelings that the tea party ultraright-wing republicans are the ones resisting, making any kind of compromise, saying my way or height way. >> to lay blame here, i'm just asking for your -- >> i'm telling...
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Dec 29, 2012
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. >> two things are for certain when it comes to the fiscal cliff -- the stakes are high and the time is short. and so far there has been no deal reached between the lawmakers and president obama to try to avoid going over the fiscal cliff that comes on new year's day. but after a meeting at the white house, the president said he is hopeful. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> cnn's chief business correspondent ali velshi joins us from new york with some very good insight. senate majority leader harry reid has said if they don't reach something by monday he'll bring forward a bill to help out the middle class for an up-and-down vote. >> right. >> put everybody on the record, but especially republicans. isn't that the tactic? >> exactly right. the step before that is harry reid is working on some
. >> two things are for certain when it comes to the fiscal cliff -- the stakes are high and the time is short. and so far there has been no deal reached between the lawmakers and president obama to try to avoid going over the fiscal cliff that comes on new year's day. but after a meeting at the white house, the president said he is hopeful. >> i just had a good and constructive discussion at the white house with senate and house leadership about how to prevent this tax hike on the...
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Dec 28, 2012
12/12
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that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the workload. and there would be unexpected higher taxes for most americans because remember, that's another part of the equation. so many different groups could be hit in many different ways at many times. but the bottom line is if these negotiations continue to stall and don't come through and the cliff comes, people will, indeed, feel it all over this country. >>> u.s. army general whose temper earned him the name stormin' norman has died. general norman schwarzkopf was one of the most celebrated military leaders in the post-vietnam era. he led coalition forces pushing iraq out of kuwait in 1991's "operation desert storm." the retired general died yesterday in tampa, florida, at age 78. >>> former president george h.w. bush released this statement. he says, "general schwarzkopf epitomized the duty, service, country creed that has defended our freedom and seen this great nation through our most trying international crises." >>> a spokesman for f
that would not happen if the fiscal cliff comes. they wouldn't be able to keep up with the workload. and there would be unexpected higher taxes for most americans because remember, that's another part of the equation. so many different groups could be hit in many different ways at many times. but the bottom line is if these negotiations continue to stall and don't come through and the cliff comes, people will, indeed, feel it all over this country. >>> u.s. army general whose temper...
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Dec 21, 2012
12/12
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more and more likely we are going over the fiscal cliff. coming up next, forget the politics. ali velshi explains what this means for your paycheck, your taxes, your family, and your future. ak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> days to go and the threat of the fiscal cliff looks like reality now. what are you going to contend wit
more and more likely we are going over the fiscal cliff. coming up next, forget the politics. ali velshi explains what this means for your paycheck, your taxes, your family, and your future. ak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power...
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Dec 4, 2012
12/12
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coming up, i'll talk live to a democrat who says america should go over the fiscal cliff. i'll ask him why next. there's a health company that can help you stay that way. what's healthier than that? i had[ designer ]eeling enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer up to 9 months. [ male announcer ] because enbrel®, etanercept, suppresses your immune system, it may lower your ability to fight infections. serious, sometimes fatal, events including infections, tuberculosis, lymphoma, other cancers, and nervous system and blood disorders have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. don't start enbrel if you have an infection like the flu. tell your doctor if yo
coming up, i'll talk live to a democrat who says america should go over the fiscal cliff. i'll ask him why next. there's a health company that can help you stay that way. what's healthier than that? i had[ designer ]eeling enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it...
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Dec 11, 2012
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if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in the room and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> i want to take a closer look at what each side wants in the fiscal cliff and dpoeshiations, where they stand on taxes and savings. gloria borger joining us live. that was pretty cool what tom did. >> love that virtual studio. >> unbelievable. >> great. >> tell us a little bit about the sticking point here. it's about the taxes on the wealthiest 2% of americans and the president sticking to that. republicans, it looks like some of them at least willing to move or budge on that. where do we stand? >> a little bit. we're kind of in the part of this where each side's waiting for the other side to go first, suzanne. and of course, the big sticking point, as you point out, is revenues. they have to figure out what to do about revenues before they figure out what to do about anything else. let's take a look at this. there's a big dif
if no deal is struck and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in the room and that will absolutely leave an awful lot of voters, democratic and republican, unhappy. >> i want to take a closer look at what each side wants in the fiscal cliff and dpoeshiations, where they stand on taxes and savings. gloria borger joining us live. that was pretty cool what tom did. >> love that virtual...
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Nov 16, 2012
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what a lot of people think is that if the fiscal cliff comes to pass, you'll increase taxes on people, cut spending and no one will have money to spend and it will cause a recession, a double dip, the second recession. i asked alan greenspan about it. he said actually -- listen very carefully, alan greenspan doesn't talk like you and i do, he talks in a complicated fashion. he told me it could cause a recession, but it may not be as bad as you think. listen. >> imf studies show definitively if you cut spending in a situation like this, it does lower the gdp, but nowhere near the amount that an increase in taxes lowers the rate of an increase, gdp. so that i think if we have to have a moderate recession to solve this huge fiscal problem that is in front of us, think pause we without paying. there is a presumption we have a whole schedule of economic policies which can just basically solve the problems to normal situations. it is not. >> so that's the point. he says don't be so worried about doing the right thing as he sees it, because of a recession, we might have to have a recession,
what a lot of people think is that if the fiscal cliff comes to pass, you'll increase taxes on people, cut spending and no one will have money to spend and it will cause a recession, a double dip, the second recession. i asked alan greenspan about it. he said actually -- listen very carefully, alan greenspan doesn't talk like you and i do, he talks in a complicated fashion. he told me it could cause a recession, but it may not be as bad as you think. listen. >> imf studies show...
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Nov 12, 2012
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cliff comes from. you do know, of course, that the top republican and the top democrat in both the house and the senate are going to be at the white house on friday. congress is back in tomorrow. there's a lot of details to work out. this is really just the beginning of it. whether, you know, democrats want to increase taxes on wealth where i americans, the white house wants to do that as well, suzan suzanne. republicans are talking about finding a we to increase tax rev new. maybe through closing loopholes, but the fact is all of these details need to be worked out, and this is the really tough stuff to work out. >> it is the tough stuff. i notice, too, no females in that gang of eight there, briana. interesting. >> no. >> all right. thank you. you got your work cut out for you. here's what we're also working on for the hour. >> 13 days after superstorm sandy slammed the east coast. the commute is new york is still a mess. a look at the recovery effort that has people still struggling to get to work.
cliff comes from. you do know, of course, that the top republican and the top democrat in both the house and the senate are going to be at the white house on friday. congress is back in tomorrow. there's a lot of details to work out. this is really just the beginning of it. whether, you know, democrats want to increase taxes on wealth where i americans, the white house wants to do that as well, suzan suzanne. republicans are talking about finding a we to increase tax rev new. maybe through...
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Nov 17, 2012
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i mean, i've had cancer four times. >> reporter: so with the fiscal cliff comes cutbacks to medicare. >> if they don't reach any agreement, seniors could be affected if they are receiving medicare. and if their doctors become less willing to accept medicare as insurance, in view of the fact that the reimbursement that medicare is providing is going to be less generous. >> reporter: but a deal to avert the crisis could also create problems for seniors. reforms through entitlement programs could be used as a trade-off for revenue increases. that means changes to social security, medicare and medicaid could be on the table. >> if they're more ambitious and they try to resolve the funding problems of the federal government over a longer span of time that is when i think senior citizens have more to worry about, because it becomes more inevitable through health insurance benefits and government pension benefits, are going to be scaled back. >> i really thought that the entitlements were here to stay. i thought they were a firm fixture of government. >> reporter: on friday, congressional le
i mean, i've had cancer four times. >> reporter: so with the fiscal cliff comes cutbacks to medicare. >> if they don't reach any agreement, seniors could be affected if they are receiving medicare. and if their doctors become less willing to accept medicare as insurance, in view of the fact that the reimbursement that medicare is providing is going to be less generous. >> reporter: but a deal to avert the crisis could also create problems for seniors. reforms through...
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i think you like to say this is the fiscal cliff coming at you like a -- >> a mack truck. to mix our metaphors. >> sure. >> this is something, if congress can't decide what to do with these expiring tax -- tax goodies and all these looming spending cuts, you're going to have a huge shock to the economy in the beginning of the year. the congressional budget office said that would result in a recession, another recession at the beginning part of next year. so these bush tax cut a very big part of this thing we are calling you the fiscal cliffs. what does it mean in the president wants to keep the tax brackets of 10% 15%, 25% where they are, how much you have to earn to qualify for those. 10%, people who earn less than $17,000 and change. 15%, people who earn less than $70,000, married, filing jointly. 25%, people under $142, so on. so, where the president wants to allow them to expire you the 33% tax bracket, your taxes would jump up to 36%, an extra $17 or $18,000 in tax for people who make $388,000. the gop will say that is a lot of small business owners. 35%, people who m
i think you like to say this is the fiscal cliff coming at you like a -- >> a mack truck. to mix our metaphors. >> sure. >> this is something, if congress can't decide what to do with these expiring tax -- tax goodies and all these looming spending cuts, you're going to have a huge shock to the economy in the beginning of the year. the congressional budget office said that would result in a recession, another recession at the beginning part of next year. so these bush tax cut...
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Nov 15, 2012
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, the fiscal cliff that's coming, the financial crisis, that's going to take some work on capitol hill to get $30 billion for new york if it's approved and then consider maryland and new jersey and connecticut and on up the coast. the people here know it takes a lot of time and money and hope there's the support not only from the president but from places like this, like this salvation army here on mid land avenue where they have been handing out water and food and supplies for 17 days now. since the storm. they tell us that they have supported 5,000 people at this location alone and people have been coming nonstop. and again, this is 17 days after the storm. a lot of these people lost everything and they hope the president and the governor and mayor bloomberg and the delegations who showed up understand that it's going to take time and support. >> victor blackwell, thank you so much from staten island. appreciate that. >>> major stories including crisis developing overseas aziz real and militants in gaza step up attacks against each yoer. >>> plus, at any minute now u.s. attorney gene
, the fiscal cliff that's coming, the financial crisis, that's going to take some work on capitol hill to get $30 billion for new york if it's approved and then consider maryland and new jersey and connecticut and on up the coast. the people here know it takes a lot of time and money and hope there's the support not only from the president but from places like this, like this salvation army here on mid land avenue where they have been handing out water and food and supplies for 17 days now....
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Dec 27, 2012
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he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on willing to compromise. what can the president do, he can con joel all sides closer to some sort of agreement. from the democrats perspective what they think needs to be done is to get senate leader mcconnell to agree not to filibuster any action in the senate and then get speaker boehner to agree to put a bill forward on the house floor for a vote. if those two pieces happen, then they feel like there could be something done before new year's. so it's sort of con joeling mitch mcconnell to agree to those actions on those parts. if the president can get that done, we don't have much time left for the rest
he had to come back, had to be in washington in time to deal with the looming fiscal cliff just five days away. jessica yellen waiting for him at the white house. great to see you. what can the president do at this point, i guess, is the big question. and are aids still hopeful for a deal before january 1st? >> taking your second question first, hopefully, yes. confident, i would say that's going too far. at the white house they are frowning about what they consider recalls trance on...
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. >>> we're going to be talking a lot more about the fiscal cliff in the coming hour. three cnn i-reporters are going to be joining me to talk about their real concerns about this and we got some answers from our business expert from questions that were sent by you that you tweeted to us. that's going to be coming up in about 15 minutes. >>> bail was set for dallas cowboys josh brent, he's been charged with intoxication manslaughter for a crash on saturday that killed his teammate. police say brent was pulling jerry brown out of the car when they arrived. dallas coach jason garrett talked about his players just a few minutes ago. >> obviously this is a very difficult situation, a tragedy occurred to our football team. in the last couple of days. and we lost jerry brown, practiced roster player for us who we picked up earlier in the year. and it's been really emotion for everybody and as the head coach of the team, i have to talk to the team and i have to inform them what happened, give them the news and then try to offer some perspective. you know, i talked a lot got t
. >>> we're going to be talking a lot more about the fiscal cliff in the coming hour. three cnn i-reporters are going to be joining me to talk about their real concerns about this and we got some answers from our business expert from questions that were sent by you that you tweeted to us. that's going to be coming up in about 15 minutes. >>> bail was set for dallas cowboys josh brent, he's been charged with intoxication manslaughter for a crash on saturday that killed his...
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Dec 28, 2012
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so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there are some tricks that congress has to try to speed things up when it wants to. so to some degree, it's not that big of a deal. if there was a deal in the offing, january 3rd, enough votes for it, they could get around the hurdles. but i'm glad you brought up the deadlines because another one is tomorrow. unemployment benefits run out tomorrow for 1 million people. not true. the unemployment portion of the fiscal cliff actually hits us tomorrow. and that's when 1 million people are estimated to see unemployment benefits run out. and tomorrow is also the day that the
so what is that going to do to the fiscal cliff negotiations? >> right, there are a couple deadli deadlines actually coming up. january 2nd is the last day of the current congress. any bill that's been submitted, especially the bills that have been passed, the deal with the fiscal cliff, those bills would be worthless. they would go into paper and everything would have to start from scratch. the new congress would have to start a bill and start the process from the beginning. now there...
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Aug 22, 2012
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glimmers of hope but reality speaking, it's up to congress to act when it comes to this fiscal cliff. let's say that do act. give me the picture of the economy. >> let's say they act. if they were really helping us out, they would happen well before the holidays. >> let's be realistic. >> that's not happening. cancel your vacation the last week of december. here is what we think could happen. there's a few scenarios. one is they absolutely kick the can down the road. do over. let the next congress deal with it. we're not touching this. that doesn't do anything for us. what they also could do is they could come to some sort of conclusion and say we're going to make an agreement that some of the cuts go into effect. some of the tax hikes go into effect. the fragile recovery could not handle that. i think that's the best case scenario. people who are hoping for some magical lala land where they get together and fix everything at once. >> they're all smoking the lala because that's not going to happen. we'll be talking at the end of the year. i'm sure i'll be working and you as well. than
glimmers of hope but reality speaking, it's up to congress to act when it comes to this fiscal cliff. let's say that do act. give me the picture of the economy. >> let's say they act. if they were really helping us out, they would happen well before the holidays. >> let's be realistic. >> that's not happening. cancel your vacation the last week of december. here is what we think could happen. there's a few scenarios. one is they absolutely kick the can down the road. do over....
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it's our exclusive fiscal cliff roundtable and it's coming up right now on cnn. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. boproductivity up, costs down, thtime to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> it is the one issue that affects just before he single one of us you can the fiscal cliff. think of it as, well this way, our economy is in a car headed toward that cliff and there's a lot of stake, including massive spending cuts and social programs and defense, expiration you the bush era tax cu
it's our exclusive fiscal cliff roundtable and it's coming up right now on cnn. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new...
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Dec 2, 2012
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how we can come to an agreement on the fiscal cliff. we'll be right back. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> we are talking politics and the fiscal cliff. ana and lz are here, we held them over the break. we'll see how this goes, i'm going to mediate with the independent and republican here. here's where we are, the president has said this is on the table, this is where i stand, tax increases for the wealthiest 2% of the country, okay? ana, you're a republican, i hand that to you, what do you they. >> first of all, the devil is in the detail. how do we define the top 2% of the country? right now it is $250,000 is the definition. well, don, that may b
how we can come to an agreement on the fiscal cliff. we'll be right back. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in...
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Aug 4, 2012
08/12
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the real risk comes after the fiscal cliff. if the u.s. does not at some point deal with its large u.s. budget deficit in the way that europe is doing and it's painful. i tell you. it is painful. austerity costs. it costs jobs and pain and health care. that is the thing that is next on the u.s. agenda. >> great conversation. thank you, richard. >> thank you as always. remember -- >> i hear it. it's printing. >> if it's not printing by the end of the year, i owe you dinner. >> deal. >> a star is born at the london olympics. guess what. she is not an athlete. bill santiago does his take on this dry yet hilarious sense of humor. plus, we are getting ready to head back to school. folks from the style network's hot show, chicagolicious. they are hard at work. s. afternoon's overhaul starts with more pain. more pills. triple checking hydraulics. the evening brings more pain. so, back to more pills. almost done, when... hang on. stan's doctor recommended aleve. it can keep pain away all day with fewer pills than tylenol. this is rudy. who switche
the real risk comes after the fiscal cliff. if the u.s. does not at some point deal with its large u.s. budget deficit in the way that europe is doing and it's painful. i tell you. it is painful. austerity costs. it costs jobs and pain and health care. that is the thing that is next on the u.s. agenda. >> great conversation. thank you, richard. >> thank you as always. remember -- >> i hear it. it's printing. >> if it's not printing by the end of the year, i owe you...
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Nov 8, 2012
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to say you have fallen off a fiscal cliff. can obama romance the republicans? facebook.com/carolcnn. your comments later this hour. >>> markets opening minutes from now. find out if wall street can recover after wednesday's massive sell off. [ woman ] it's 32 minutes to go time, and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the venue, the candidate will be rehearsing off of his phone. [ candidate ] and thanks to every young face i see out there. [ woman ] his phone is one of his biggest supporters. [ female announcer ] with cisco at the center... working together has never worked so well. [ female announcer ] with cisco at the center... i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have
to say you have fallen off a fiscal cliff. can obama romance the republicans? facebook.com/carolcnn. your comments later this hour. >>> markets opening minutes from now. find out if wall street can recover after wednesday's massive sell off. [ woman ] it's 32 minutes to go time, and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the...
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Nov 30, 2012
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of course, if the fiscal cliff does come to be and the economy slows or dips back into recession, things will really slow down. what automakers are doing is continuing to push the sales of smaller cars, which is what the public wants, because tgas prics are rising. sales of these types of vehicles do real well in places like california where people drive long distances and where a lot of people are very concerned about the environment and want to drive hybrid or electric vehicles. so even though they haven't been so strong throughout the rest of the country, companies like general motors continue to push ahead with these vehicles. here is their newest introduction, which will be on the market in 2014. only available for sale in california and in oregon initially. this is the chevy spark. it is an all electric vehicle that will get somewhere south of 100 miles on a full charge. what's really cool about this vehicle is you'll be able to charge it up to 80% capacity in just 20 minutes. that is a challenge, though, getting the rest of america outside of places like california to buy these ve
of course, if the fiscal cliff does come to be and the economy slows or dips back into recession, things will really slow down. what automakers are doing is continuing to push the sales of smaller cars, which is what the public wants, because tgas prics are rising. sales of these types of vehicles do real well in places like california where people drive long distances and where a lot of people are very concerned about the environment and want to drive hybrid or electric vehicles. so even...
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Dec 6, 2012
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to the fiscal cliff. but treasury secretary timothy geithner says the white house will not give in. >> no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember it's only 2%. >> geithner adds the obama administration is, quote, absolutely prepared to go off the cliff, if necessary. joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >> so, van, i guess my first question that's eatsy for geithner to say, we're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an i
to the fiscal cliff. but treasury secretary timothy geithner says the white house will not give in. >> no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans. remember it's only 2%. >> geithner adds the obama administration is, quote, absolutely prepared to go off the cliff, if necessary. joining me now is van jones, cnn contributor and former obama administration official. good morning. >> god morning to you. >>...
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Dec 27, 2012
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will congress send the country over the fiscal cliff or will they come up with some sort of deal and hit the brakes? the senate returned today hopefully to come up with some kind of deal. dana bash is flling this on capitol hill. i imagine we're all working over the holidays and i fess we're going to be working as long as they are working. hopefully they're going to get something done. we heard from house speaker john boehner earlier today. where is this? clearly it looks like now it's in the senate's hands. >> that's right. it is absolutely in the senate's handings, has been effectively since the house speaker failed to pass his so-called plan b proposal last week. and so what is going on behind the scenes right now, suzanne, is the senate democratic leader is trying to figure out if he can cobable together enough votes, which would mean he would have to have probably significant crossover to get some votes to at least pass the bear bare minimum to ahouseholds with incomes of less than $200,000. >> the speaker has just a few days left to change his mind but i have to be very honest,
will congress send the country over the fiscal cliff or will they come up with some sort of deal and hit the brakes? the senate returned today hopefully to come up with some kind of deal. dana bash is flling this on capitol hill. i imagine we're all working over the holidays and i fess we're going to be working as long as they are working. hopefully they're going to get something done. we heard from house speaker john boehner earlier today. where is this? clearly it looks like now it's in the...
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Nov 14, 2012
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. >>> a fiscal cliff, it's coming and if obama and boehner don't compromise, could mean economic disaster, but some lawmakers say hey, there's no rush. actually, we should go over that fiscal cliff. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. >>> people are counting down the days until the nation goes off the so-called fiscal cliff. the tax cuts and cuts could throw the country back into a recessio
. >>> a fiscal cliff, it's coming and if obama and boehner don't compromise, could mean economic disaster, but some lawmakers say hey, there's no rush. actually, we should go over that fiscal cliff. i have a cold, and i took nyquil, but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold...
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Sep 9, 2012
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>> congress needs to come to terms with this fiscal cliff mess. what americans will be looking at is if they do not come to terms starting january 1, 2013 their taxes will go up. it is the payroll tax and the dividend tax. you can be looking at an increase from 15% up to 43%. as you know you would see a tremendous sell off in the stock market so you are looking at a house hold balance sheet that would be hit. he would be a significt negative to the overall u.s. economy. >> and then more immediately let's talk about retail sales figures for september always highly anticipated particularly with back to school shopping. the trend of back to school shopping was very different this year. >> in july we saw a great increase for retailers. for the month of august we are expecting that report card to also be an increase which will be sensational. going forward, what are the back to school shopping? were the sales there and great enough to have the moms go out and open up their pocket books? wall street is expecting a big number. this will be sensational fo
>> congress needs to come to terms with this fiscal cliff mess. what americans will be looking at is if they do not come to terms starting january 1, 2013 their taxes will go up. it is the payroll tax and the dividend tax. you can be looking at an increase from 15% up to 43%. as you know you would see a tremendous sell off in the stock market so you are looking at a house hold balance sheet that would be hit. he would be a significt negative to the overall u.s. economy. >> and then...
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. >>> two top republicans loosen their grip on that no tax pledge as the nation nears the fiscal cliff. these smartphones come with a bonus $100 walmart gift card? that's right. so it's like i won. sure. oh my gosh i won!!! i won!!! [ male announcer ] get a $100 walmart gift card when you buy any android or windows 8 smartphone. through december 1st. from america's gift headquarters. walmart. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> there's a recall out for a popular anti-cholesterol drug. a total of 41 lots of the generic version of lipitor may be contaminated by glass particles. the recall is voluntary and with the knowledge of the fda. >>> in egypt the muslim brotherhood says one of its fence, a 15-year-old boy, was killed and another 60 injured in an attack its headquarters there in cairo. across the country, the group is defending the decision by president m
. >>> two top republicans loosen their grip on that no tax pledge as the nation nears the fiscal cliff. these smartphones come with a bonus $100 walmart gift card? that's right. so it's like i won. sure. oh my gosh i won!!! i won!!! [ male announcer ] get a $100 walmart gift card when you buy any android or windows 8 smartphone. through december 1st. from america's gift headquarters. walmart. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health...
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Nov 13, 2012
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as dana mentioned, the fiscal cliff, well, avoiding the fiscal cliff hinges on washington. and those lawmakers. but let's say lawmakers don't act come january. well, the bottom line, it will cost you. brace yourself, because you could be shelling out thousands of dollars more in taxes. breaking down how the fiscal cliff could cost you coming up next. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. silverado -- recognized for lowest total cost of ownership of any full-size pickup. from outstanding value to standing the test of time, chevy runs deep. >>> we talked a lot about the fiscal cliff. to a lot of people it is just a phrase. most people think it will get dealt with. let's move beyond the rhetoric and find out what it would actually cost you and i if it isn't dealt with. rick newman is the chief business
as dana mentioned, the fiscal cliff, well, avoiding the fiscal cliff hinges on washington. and those lawmakers. but let's say lawmakers don't act come january. well, the bottom line, it will cost you. brace yourself, because you could be shelling out thousands of dollars more in taxes. breaking down how the fiscal cliff could cost you coming up next. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting...
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and now with just 36 days remaining to avoid the so-called fiscal cliff, senators are coming back to work. the house returns tomorrow. the white house is working both sides of the beltway to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone. that would be a huge, huge hit on retailers. now, tax hikes are the biggest part, but not the only part of the fiscal cliff. seeing it as a fiscal cliff, the new year will also bring more than $100 billion in spending cuts, if -- if congress and the president can't agree on some other course. all of this brings me to my friend, cnn's christine romans with details on the toll on consumer spending. we threw out the number, $200 billion. what does that mean? >> it comes straight from the white house, trying to ride the coat tails of black friday weekend when throwing around how much money consumers
and now with just 36 days remaining to avoid the so-called fiscal cliff, senators are coming back to work. the house returns tomorrow. the white house is working both sides of the beltway to maintain bush-era tax rates for the poor and middle class, while letting those lower rates expire for higher earners. this morning, the white house put out numbers claiming if we fall off the cliff, consumers will be spending less money next year. how much less, exactly? $200 billion in fiscal 2013 alone....
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thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. wel
thank you. >>> coming up next, the fiscal cliff. we're close enough now to peek over the edge of that cliff. insiders say buckle up and prepare for the worst. ♪ ooh baby, looks like you need a little help there ♪ ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive...
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. >>> fiscal cliff, hardly come up at the presidential debates. yet, we are close to what many call disaster. ben stein joins me next with what he thinks will happen to average americans and a new book on how to ruin ben stein, your financial life. he's next. [ female announcer ] born from the sweet monk fruit, something this delicious could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally. >>> some big time wall street ceos have an urgent message for you and your washington lawmakers. we have to avoid the fiscal cliff we've been talking about or the nation as we know it will crumble in just over two months. 16 ceos signed the strongly worded letter. solvency, productive capacity and stability of the united states as well as its moral authority as a global leader require that its fiscal challenges be credibly met. hello. the solvency of the u.s.? let's bring in ben stein with this. we'll get to your book in a second. but, you know, the fiscal cliff, it a
. >>> fiscal cliff, hardly come up at the presidential debates. yet, we are close to what many call disaster. ben stein joins me next with what he thinks will happen to average americans and a new book on how to ruin ben stein, your financial life. he's next. [ female announcer ] born from the sweet monk fruit, something this delicious could only come from nature. new nectresse. the 100% natural no-calorie sweetener made from the goodness of fruit. new nectresse. sweetness naturally....
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fiscal cliff deal that we come up with. i mean, let's not forget that the majority of americans agree with the vision of this president that the wealthy should pay a little bit more and that middle class tax cuts should continue to be extended. >> okay. i want to pose that to ron because there was an article in "the new york times" this morning and it said some republicans are even caving in as far as the grover norquist pledge to never raise taxes ever, ever, ever as long as they live so help me god. and the article said that some republicans are kind of willing to talk about that now and throw the pledge by the wayside. >> well, you know what? i don't subscribe to that theory. until you actually see some type of fine print on the table. republicans, speaker boehner has stepped forward and offered a reasonable solution of raising revenue and entitlement reform as a way of preventing the fiscal cliff. and i think -- you know, we've heard the president now saying that he's willing to come down a little bit on the rates. so r
fiscal cliff deal that we come up with. i mean, let's not forget that the majority of americans agree with the vision of this president that the wealthy should pay a little bit more and that middle class tax cuts should continue to be extended. >> okay. i want to pose that to ron because there was an article in "the new york times" this morning and it said some republicans are even caving in as far as the grover norquist pledge to never raise taxes ever, ever, ever as long as...
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out and maybe have some quick solutions from jumping off of this fiscal cliff, but you need everybody to come together, both republicans and democrats and the white house and get everyone together to come up with a long-term plan for budget cuts. that will actually help the gdp down the road. >> is there a full blown recovery under way as many people are hoping? >> i got to tell you, the housing data right now has been positive. the past couple of months we have seen some real bright spots, with new home sales, existing home sales and housing starts. it's actually going to represent what housing values are and 20 of the major metropolitan cities around the country, comes out on tuesday, we want to see a nice number, this is for july, we are expecting a bit of an uptick of 10.1%. we want to see some type of sustainability with house values. >> it's a big week ahead. >>> you know the search is on for mountain climbers after an avalanche sweeps down -- we're going to talk to an avalanche survivor. up some, brochures, posters copies of my acceptance speech. great! it's always good to have
out and maybe have some quick solutions from jumping off of this fiscal cliff, but you need everybody to come together, both republicans and democrats and the white house and get everyone together to come up with a long-term plan for budget cuts. that will actually help the gdp down the road. >> is there a full blown recovery under way as many people are hoping? >> i got to tell you, the housing data right now has been positive. the past couple of months we have seen some real...
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well they are trying to deal with the fiscal issues, this fiscal cliff that's coming at the end the year but still while they are talking about it there's not a lot of movement of how to break the logjam and get past the partisanship in order to reach agreement. the to do items that the president has laid out have gone nowhere up here in capitol hill. when you talk about the clean energy investment that's on the president's to-do list, as an example house republicans unveiled a proposal of a package of bills not having to do with clean energy, if you will, but actually having to do with producing more domestic oil. so that's where their focus is. so the battle lines remain the same. we have to hear what the president says and we'll be looking for reaction right after that. >> you'll get a lot of reaction. jessica yellin is in the briefing room getting ready for this briefing. jessica it's supposed to start about now. they haven't given us a two-minute warning yet? >> no, no two-minute warning. he should be coming out any moment. my guidance -- they haven't put out his remarks yet. he'll
well they are trying to deal with the fiscal issues, this fiscal cliff that's coming at the end the year but still while they are talking about it there's not a lot of movement of how to break the logjam and get past the partisanship in order to reach agreement. the to do items that the president has laid out have gone nowhere up here in capitol hill. when you talk about the clean energy investment that's on the president's to-do list, as an example house republicans unveiled a proposal of a...
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to the talks on the fiscal cliff. we can have more details on just where they are. you've got 32 days or so before the possibility of these tax increases, as well as spending cuts to go into effect, and it is high stakes diplomacy, political posturing, as well as serious economic questions in terms of how this is going to impact all of us in the coming new year. we're going to have more on that after a quick break. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. aids is not going to take my baby. ♪ aids will not take our future. ♪ our weapons are testing... education, care and support. ♪ and aids... ♪ aids is going to lose. aids is going to lose. ♪ stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional
to the talks on the fiscal cliff. we can have more details on just where they are. you've got 32 days or so before the possibility of these tax increases, as well as spending cuts to go into effect, and it is high stakes diplomacy, political posturing, as well as serious economic questions in terms of how this is going to impact all of us in the coming new year. we're going to have more on that after a quick break. bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male...
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what will it take for democrats and republicans to come together before the fiscal cliff? ahead we'll did us does the possibilities. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars together for your future. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, an
what will it take for democrats and republicans to come together before the fiscal cliff? ahead we'll did us does the possibilities. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a...
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negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going to boil down to. >> any plan
negotiations on capitol hill stalled in the final hours to avert falling over the fiscal cliff. senate leaders need to put something together to avoid tax increases for everyone and big spending cuts. a make or break deal may come down to just a few lawmakers. >> it remains to be seen whether the republicans being driven by an extreme group of house members will allow our economy to hurt because of their desire to protect multimillionaires in this country. and i think that's what's going...
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. >>> when it comes to the fiscal cliff still no deal and now the debt ceiling is caught in the cross-fire here. specifically a part of the white house's fiscal cliff plan that would give the president the power to increase the debt limit without congress that is. boehner making it clear that it is not up for a debate. >> do you think that senator reid or then senator obama would have ever given to president george w. bush the unlimited ability to raise the debt limit? i know they're talking about doing it now. do you think there's any chance that senator reid or then senator obama would have done that? zero. congress is never going to give up our ability to control the purse. >> so for president obama's part, he is digging in as well on an area that has been key sticking point and that's taxes. >> the most important thing we can do right now is make sure that middle class taxes do not go up. that's the best thing for the economy, best thing for american families and if we do that, senate's already passed this bill. house democrats are ready to pass t i'm ready to sign it. the only holdout
. >>> when it comes to the fiscal cliff still no deal and now the debt ceiling is caught in the cross-fire here. specifically a part of the white house's fiscal cliff plan that would give the president the power to increase the debt limit without congress that is. boehner making it clear that it is not up for a debate. >> do you think that senator reid or then senator obama would have ever given to president george w. bush the unlimited ability to raise the debt limit? i know...